42 Summit Street
About This Property
THE PROPERTY BOASTS AN IMPRESSIVE 7,000 SQUARE FOOT LEVEL LOT, providing ample space for creativity and expansion. Imagine the possibilities as you transform this residence into your personalized space, reflecting your distinctive style and taste. Alternatively, for developers and investors, this home presents a golden opportunity to capitalize on the growing demand for quality homes in the area. Whether you envision a cozy family retreat or a lucrative investment, this property is a canvas waiting for your vision to come to life!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 28, 2026 | Sold | ||
| Sold | |||
| Nov 22, 2025 | In contract | - | |
| In contract | |||
| Sep 25, 2025 | Relisted | $735,000 | |
| Relisted | |||
| Sep 4, 2025 | In contract | - | |
| In contract | |||
| Aug 11, 2025 | Listed by Douglas Elliman Real Estate | $725,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017